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Novavest Real Estate AG Plans Sustainable Repurposing of Paracelsus Site

Story Highlights
  • Novavest Real Estate AG is repurposing the Paracelsus site after healthcare tenant search failed.
  • The site may become residential, pending rezoning, to benefit Richterswil community.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Confident Investing Starts Here:

Novavest Real Estate AG ( (CH:NREN) ) has shared an update.

Novavest Real Estate AG is planning a sustainable repurposing of the Paracelsus site in Richterswil after unsuccessful attempts to find a healthcare sector tenant. The site, previously a hospital, is currently used as a transit center for refugees, and Novavest is exploring residential use to add community value, pending rezoning approval.

More about Novavest Real Estate AG

Novavest Real Estate AG is a real estate company listed on the SIX Swiss Exchange under the ticker NREN. The company focuses on property management and development, particularly in the Swiss market.

Average Trading Volume: 5,842

Current Market Cap: CHF383.4M

For detailed information about NREN stock, go to TipRanks’ Stock Analysis page.

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